Market Scenario:
The global specialty zeolites market is expected to generate high revenue during the forecast period. Factors such as increasing construction activities pertaining to infrastructural development and commercial construction in developing regions, elevated demand of coatings and paints are anticipated to propel the specialty zeolites market. There is a surge in the demand for specialty zeolites owing to infrastructural advancements coupled with approval for Foreign Direct Investment (FDI) in the construction industry. This will further lead to creation of the product demand over non-residential and residential projects owing to efficient government policies, regulations, duties and taxes levied.
Key Players:
The major companies that provide specialty zeolites include:
• Tosoh Corporation
• Zeolyst International
• Arkema Group
• Clariant
• BASF SE
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Market Segments:
The global specialty zeolites market can be classified based on end-user and region. On the basis of user, the global market is classified into paints & coatings, plastics, personal care, and construction materials. Among the market segments, the paints and coatings market segment is expected to command a large share of the specialty zeolites market during the future years. There has been a surge in the utilization of specialized zeolites in the business of paints and coating owing to the usage of strict government controls dedicated to taking out unpredictable mixes in paints and coatings. The specialty zeolites can be used to create lower density blocks for ornamental as well as construction purposes. The use of energy-efficient materials in construction has registered growth in the recent years. These specialty zeolites are set to provide opportunities for growth and development of novel development materials. Moreover, these specialty zeolites are used in development of efficient and low density concrete..
Regional Analysis
Based on regions, the global specialty zeolites market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The European region is anticipated to command the maximum market share and would lead the specialty zeolites market during the forecast period. The Asia-Pacific region is expected to witness the swiftest growth in the specialty zeolites market. Factors such as considerable infrastructural advancements in the flourishing economies of China and India are expected to fuel the specialty zeolites market during the forecast period.
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